Napa Wealth Management Trims Position in Meta Platforms, Inc. $META

Key Points

• Napa Wealth Management reduced its stake in Meta Platforms, Inc. by 59.9%, now holding shares worth $767,000 after selling 1,992 shares in the first quarter.
• Several institutional investors, including GAMMA Investing LLC and Goldman Sachs, significantly increased their stakes in Meta, highlighting a growing institutional interest in the company.
• Meta Platforms reported earnings of $7.14 per share, exceeding estimates, along with a quarterly revenue of $47.52 billion, marking a 21.6% year-over-year increase.

Napa Wealth Management reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 59.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,331 shares of the social networking company's stock after selling 1,992 shares during the quarter. Napa Wealth Management's holdings in Meta Platforms were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Valley Financial Group Inc. grew its position in shares of Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after purchasing an additional 14 shares in the last quarter. Lantern Wealth Advisors LLC lifted its stake in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares during the last quarter. ABLE Financial Group LLC lifted its stake in Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC lifted its stake in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after purchasing an additional 16 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its stake in shares of Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after acquiring an additional 17 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on META shares. Benchmark lifted their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Rosenblatt Securities lifted their price target on shares of Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Susquehanna cut their price target on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Moffett Nathanson upped their target price on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insiders Place Their Bets

In other news, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the sale, the director directly owned 8,877 shares of the company's stock, valued at $6,962,408.64. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,284 shares of company stock valued at $235,008,531. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Up 0.6%

Shares of NASDAQ:META traded up $4.69 during trading on Thursday, hitting $752.07. The company's stock had a trading volume of 3,221,015 shares, compared to its average volume of 15,015,507. The business has a 50 day moving average price of $733.50 and a two-hundred day moving average price of $658.54. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.23, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the company earned $5.16 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.